4% pay rise at ANZ National – the good and the bad

ANZ National’s next pay run will include the 4% pay rise for Finsec members, and Union Council Chair Cathie Lendrum says there are negative and positive aspects to consider in relation to the pay offer.

“While 4% is less than members wanted and deserved, we wouldn’t have got it without the longstanding campaigning of Finsec members for fair pay,” said Cathie.  “We also need to remember that 4% is more than the average pay increase of 3.5%, and is the biggest annualised pay increase we’ve had in years.”

“As we enter a campaign for fairer targets and more staff, we need to take a good, hard look at the negative positions the bank has taken on these important issues. Targets and staffing are the two issues ANZ National has been most reluctant to address, and more of the same won’t work,” said Cathie. “To win we need more of our colleagues to join our union, and to all be more active in support of what we want.”


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